• Forum
  • Premium
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • FemmeBreaking barriers and building confidence in investing
  • Learn about investing
    • Analysis SchoolLearn how to read and understand stock analysis
    • Investing SchoolGuides and lessons to grow your investing knowledge
    • Portfolio buildersInvesting knowledge for every level, from first steps to advanced portfolio strategies.
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Insider TransactionsTrack buying and selling activity by company insiders
    • Virtual Analyst ChatAsk questions and get instant AI-powered investment insights
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Extensive research

Talenom: International recipe tested in the next few years

By Juha KinnunenAnalyst
Talenom
Download report (PDF)

Talenom’s earnings growth story will get back on track in the next few years as the company moves from aggressive growth to reviving profitability. The company is facing critical years for internationalization, as Sweden seeks efficiency from its own accounting system and Spain is being ramped up. After a strong price rise, the stock is no longer in the bargain bin, but if Finland’s success story can be transferred abroad, the stock is still cheap. The track record is still weak outside Finland, but the ingredients for a recipe for success are present.

Login required

This content is only available for logged in users

Create account

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

Read more on company page

Key Estimate Figures27.12.2023

202223e24e
Revenue102.1121.4136.8
growth-%23.3 %18.9 %12.6 %
EBIT (adj.)15.311.415.8
EBIT-% (adj.)15.0 %9.4 %11.6 %
EPS (adj.)0.270.140.20
Dividend0.180.180.19
Dividend %2.0 %14.4 %15.2 %
P/E (adj.)34.38.96.4
EV/EBITDA14.24.03.5

Forum discussions

In May, the selling pressure on Talenom was mainly driven by funds from Säästöpankki, Danske, and Fondita. Conversely, shares have flowed into...
yesterday
by Karhu Hylje
8
Here are the comments from the man from Sotkamo regarding Talenom’s small acquisition in Spain. Inderes – 21 May 26 Talenom vahvistaa asemiaan...
5/21/2026, 5:03 AM
by Sijoittaja-alokas
10
Report: Inderes Talenom Q1'26: Hyvä aloitus uudelta Talenomilta - Inderes Talenomin Q1-tulos ylitti odotuksemme erityisesti Suomen ennakoitua...
5/7/2026, 5:27 AM
by Gwertheney
16
Juha already interviewed Juha regarding the recent updates: Inderes Talenom Q1'26: Vahva tulos ja jakaantuminen takanapäin - Inderes Aika: 06...
5/6/2026, 9:55 AM
by Karhu Hylje
10
Now, based on the first quarter, investments—cleared of acquisitions—were slightly higher (€1.8 million in 3 months) relative to these previous...
5/6/2026, 9:03 AM
by Karhu Hylje
2
From the webcast: -Management mentioned multiple times that the market in Finland remains challenging and similar growth figures are unlikely...
5/6/2026, 7:35 AM
by Karhu Hylje
5
I thought I understood the company, and in my opinion, this was a rather poor report—or rather, one that continues to prolong the wait for a...
5/6/2026, 7:14 AM
by Gold
6